SG Americas Securities LLC Has $236,000 Stock Holdings in Churchill Downs Incorporated (NASDAQ:CHDN)

SG Americas Securities LLC decreased its stake in Churchill Downs Incorporated (NASDAQ:CHDN) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,768 shares of the company’s stock after selling 501 shares during the quarter. SG Americas Securities LLC’s holdings in Churchill Downs were worth $236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of CHDN. Westfield Capital Management Co. LP raised its holdings in shares of Churchill Downs by 100.0% during the third quarter. Westfield Capital Management Co. LP now owns 763,561 shares of the company’s stock worth $103,241,000 after acquiring an additional 381,754 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Churchill Downs in the 3rd quarter valued at about $18,368,000. State Street Corp increased its holdings in shares of Churchill Downs by 5.8% during the 3rd quarter. State Street Corp now owns 2,078,031 shares of the company’s stock worth $280,971,000 after acquiring an additional 114,018 shares during the last quarter. WCM Investment Management LLC acquired a new stake in shares of Churchill Downs during the 3rd quarter worth about $15,231,000. Finally, Geode Capital Management LLC increased its position in Churchill Downs by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,299,442 shares of the company’s stock worth $175,742,000 after buying an additional 96,910 shares during the period. Institutional investors own 82.59% of the company’s stock.

Churchill Downs Stock Up 1.9 %

CHDN stock opened at $123.27 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 4.35. Churchill Downs Incorporated has a twelve month low of $111.10 and a twelve month high of $150.21. The firm has a market capitalization of $9.06 billion, a PE ratio of 22.45, a PEG ratio of 3.06 and a beta of 0.95. The stock has a 50-day simple moving average of $131.02 and a two-hundred day simple moving average of $136.01.

Churchill Downs Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 6th were given a $0.409 dividend. This represents a dividend yield of 0.29%. This is a boost from Churchill Downs’s previous annual dividend of $0.38. The ex-dividend date was Friday, December 6th. Churchill Downs’s dividend payout ratio is 7.47%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CHDN. Wells Fargo & Company lifted their price objective on Churchill Downs from $161.00 to $168.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. JMP Securities reissued a “market outperform” rating and issued a $166.00 price target on shares of Churchill Downs in a research note on Thursday, January 16th. Mizuho reduced their price objective on shares of Churchill Downs from $157.00 to $151.00 and set an “outperform” rating for the company in a research report on Tuesday, October 22nd. Truist Financial restated a “buy” rating and issued a $165.00 target price (down previously from $166.00) on shares of Churchill Downs in a report on Friday, October 25th. Finally, StockNews.com raised Churchill Downs from a “sell” rating to a “hold” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.88.

Churchill Downs Company Profile

Churchill Downs Incorporated operates as a racing, online wagering, and gaming entertainment company in the United States. It operates through three segments: Live and Historical Racing, TwinSpires, and Gaming. The company operates pari-mutuel gaming entertainment venues; TwinSpires, an online wagering platform for horse racing, sports, and iGaming; retail sports books; casino gaming; and Terre Haute Casino Resort.